Predictably, the failure of Silicon Valley Bank has triggered the usual chorus of cries that “deregulation” is the culprit. In other words, investors just had too damned much freedom, presumably, to commit financial suicide. In some circles, this goes as far as to name Donald Trump as the orchestrator of the collapse.

The collapse of Silicon Valley Bank and other similarly sized banks in recent days has put a spotlight on Congress’s 2018 bipartisan banking deregulation law, which was signed by then-President Donald Trump.

I have yet to see one solitary explanation of what regulatory measure would have prevented the collapse, other than to have impossibly perfect foresight. No one can yet explain what kind of hedging mechanism would have worked in this case or by what means. After getting the smear campaign out of the way, the author can’t answer these questions either and basically throws in the towel:

It’s not clear that more oversight would have foreseen those problems and mitigated SVB’s risk exposure. But it probably wouldn’t have hurt.